4063 Baywood St, Los Angeles CA 90039
OFFERING PRICE: $1,650,000
MVP Commercial is pleased to present 4063 Baywood Street, an eight (8) unit multifamily investment opportunity located in Atwater Village, a highly diverse and developing submarket of Los Angeles. This investment is augmented by the possibility of the seller carrying the financing on the deal. Through seller carry financing, an astute investor is presented with an excellent opportunity to purchase the building with leverage at a low introductory interest rate, allotting for time to renovate and rebrand the property while bringing the rents up to market value.
This property features three distinct wood frame stucco structures consisting of 4,011 square feet of living space. The 1st building consists of 1,713 square feet, the 2nd building consists of 1,500 square feet, and the 3rd building, which is a Single Family Residence (SFR), consists of 798 square feet. This property features: One (1) Two Bedroom / One Bath SFR, One (1) Two Bedroom / One Bath unit, Two (2) One Bedroom / One Bath units, and Four (4) Studio units. All units are individually metered for both gas and electric.
4063 Baywood St. is situated on a spacious 7,001 SF corner lot zoned LAR1. The new owner will benefit from units that are in high rental demand, offer ample parking for the tenants, and present tremendous rental upside.
For more information, please download the Offering Memorandum.
- SELLER MAY CARRY FINANCING
- Large 7,001 Sq Ft. Corner Lot
- 1 (2 Bed + 1 Bath) SFR + 1 (2 Bed + 1 Bath) + 2 (1 Bed + 1 Bath) + 4 (Studios)
- Ample Gated Parking
- Tremendous Rental Upside
- 7.39% CAP / 10.04% GRM at Market Rents
- High Rental Demand Area
- Close proximity to Glendale entertainment venues and restaurants to the east, Griffith Park and Silver Lake to the west, and Glassell Park to the south
- Rapidly gentrifying neighborhood with influx of young creative professionals
- Located near major Los Angeles freeways, Metro Bus lines and Metrolink Glendale Station
MVP Commercial Investment Real Estate does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of the property provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of that information through personal inspection with appropriate licensed professionals. If your home is currently listed with another broker, this is not intended to solicit that listing. CalBRE 01816119, 01483131.